South Florida home prices outpace U.S. average

real-estateSouth Florida home values jumped 7.4 percent over the past year, outpacing the U.S. average of 4.7 percent, according to the S&P/Case-Shiller index released Tuesday.

S&P/Case-Shiller defines South Florida as Palm Beach, Broward and Miami-Dade counties. Among the nation’s 20 largest metro areas, San Francisco and Denver had the heftiest appreciation, at 10.7 percent each. New York’s 1.8 percent was the lowest.

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